Chamber Energy CEI Stock Forecast 2023

Chamber Energy CEI Stock Forecast 2023: Read about the future price prediction of Chamber Energy CEI Stock and also read ‘Will CEI Recover’?

CEI Stock Forecast: Price today

CEI Stock Forecast: Recent Performance

Last 5 Days: -5.6%
Last 3 Months: -69.3%
1 Y: -97.2%

Camber Energy Earnings

	Dec 2022	Sep 2022	Jun 2022	Mar 2022
Revenue	130.69K	158.51K	171.65K	136.41K
Net income	-20.9M	-23.28M	4.6M	-68.16M
Diluted EPS	-1.34	-2.5	0.5	-11
Net profit margin	-15992.77%	-14687.41%	2676.96%	-49964.79%
Operating income	-1.17M	-1.22M	-969.21K	-1.02M
Net change in cash	-1.29M	256.11K	-2.01M	-1.65M
Cost of revenue	31.52K	51.08K	41.36K	49.36K

In the 2nd quarter of 2022, Camber Energy reported surplus revenue and the net income of the company also rose compared to its performance in the Q1 of 2022. The Q2 of 2022 was the only quarter when CEI beat both its revenue as well all its Earnings estimates. The last two quarters of 2022 have been a disaster.

In the final quarter of 2022, the revenue of the company fell further and it was around 4% lower on the YoY basis. The net income of the company was down around 130% in the Q4 of 2022.

Camber Energy Stock Technical Analysis

The CEI stock price is now below $1.5 and the stock has been on a downtrend after March 3rd. However, the major downtrend started after February 14th when Camber Energy reported its Q4 of 2022 earnings. CEI missed its revenue as well as the Earnings target, and the market responded accordingly. CEI was valued at close to $2 on the day of the declaration of the quarterly result.

The buyers are trying to keep the Camber Energy Stock price above $1. On the yearly chart, CEI has lost over 90% of its value.

Performance on the Last Trading Day

Close Price: $1.37
Open Price: $1.34
Gain/Loss: +2.24%
Market Cap: $27.4 M

Indicators (Daily)

The Camber Energy stock price is surging. For the second consecutive day, CEI closed higher. The Market Cap of Camber Energy has surged and now it is over $25 M. On Tuesday CEI closed 2.24% higher while on Monday, CEI was up around 12%.

However, the net CEI stock price is below the two crucial Moving averages, the 50-day MA and the 200-day MA. The 50-day MA is around $1.65 while the 200-day MA is $3.40.

For Wednesday, the immediate support for CEI stock is around $1.22 while the first level of resistance is $1.42. If CEI rises above this level, it will likely retest the 50-day MA which is $1.62.

For the stock to enter the highly bullish zone, the bulls will have to push the CEI stock price above the 50-day MA. The Relative Strength Index for CEI after being within the oversold territory is on the uptrend. It is an indication of more bullish activity. With more buyers in the market, the RSI will potentially rise higher on the next trading day.

The Stochastic RSI has bounced back after retesting the 14-day SMA. It is on the uptrend and likely to enter the 80% zone on the next trading day.

On the MACD chart, the MACD line is now retesting the signal line from below and is likely to move above it on the next trading day. It is a buy signal.

Overall, CEI is bullish for the next trading day.

CEI Stock Price Prediction Today

Overall Outlook	Partially Negative

1. Market's Wisdom	Negative
1a. Market Data	Negative
1b. Technical Recommendation	Sell

2. Crowd's Wisdom	Partially Positive
2a. Social Media Buzz	Higher
2b. Social Media Sentiment	Neutral

CEI Stock Forecast: Latest News

NYSE advise to CEI: NYSE advised Camber energy about its stock average price being less than $0.20 per share for more than 30-day trading and gave May 7^th, 2023 as the deadline to improve it. The company is reviewing all the options including a reverse stock split to get back its compliance.

Oil prices fell after FED’s increased rates: Recently, the U.S. Federal Reserve hiked the interest rates by 75 basis points. These rates are the highest since 2008. This increase in interest rates led to a fall in oil prices. Higher interest rates mean strengthening the dollar, which decreases global oil demand, making it expensive for foreign countries.

The subsidiary company filed a new patent: Camber energy’s major holding subsidiary, Viking Energy Group announced in August that its subsidiary company Viking Protection Systems filed a patent application regarding its electric transmission line protection technology. Generally, In the electric transmission system, line breaks caused many deaths. So, Viking has created a system that stops the power before the broken lines make any contact with the ground.

CEI Stock Forecast: Q3 Results

CEI posted revenue of $0.15 million in Q3 versus $0.17 revenue in Q2 of the same year.
Its EBITDA in the 3^rd quarter was $0.4 in loss and its Q2 EBITDA was way better off by $0.6.
It incurred a net loss of $23.2 million versus a net income of $4.5 million in Q2.
Its EPS in Q2 was $0.01 whereas in this quarter is $-0.05.
This company’s cash and cash equivalents add up to $2.4 million whereas its total long term debt is $33.1 million.

CEI Stock Forecast: Why is the stock shackled to the grounds?

The stock declined 91%, reaching an approx price of $.11. The stock has been growing its accumulated deficits in retained earnings since the time of its inception and it is $481.2 million for the year-end of 2021. The stock also has an alarming level of current ratio prevailing at 0.05%. One may bid the stock farewell since it is showing no signs of improvement in its financial statements.

In case an investor still wishes to make a buy position on CEI, then it should look for performance made by its subsidiary companies. For instance, the commencement of treatment in medical waste using the now patented technology or if the commercializes that patent, may directly bring a slight positive effect on the parent holding stock.

CEI Forecast: Conclusion

Camber energy’s stock has not been performing well, the stock is down 94% since the last year and considering the present conditions of a slow economy, high-interest rates, strong dollar value, and recession and Camber’s liabilities are exceeding its total assets year-over-year. So, this stock is not considered to be a great pick.

Writer

Bommu Vaishnavi

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